What you are saying then is that you have used your swing trade account for the last 2 days to scalp countertrend long?(ie...like a daytrade account.)laptop1 said:Hi
I have been shorting today, but through day trades, "cant post day trades", I placed 2 nice shorts trades today, I will post up a chart later , made my money for today.
As for the long trade I am not bottom fishing, I was looking at a basic double bottom, nothing fancy, if you look at the open, we had a nice run up of 68 points, then a sell off, to test the S/R this is why I went long, but it dint work out, so I doubled up and bought more, to get out at break-even...Looking back it was the right trade to take, we now going up.
Today was hard to get prices right, I was writing a trade at the same time looking at price it was 12111 as I posted the market was 12092, to I deleted it to give an average price of 12103, if you look at the time stamp the market was trading at this time, I want to be close to the real market as I can, but when prices are moving fast, It can be up to 10 ticks out, However most of my trades are resting orders, that can rest in the market from 15mins to 2 hours. these be are easier to follow........This is the reason I cannot post live "day trades", unless we go in to a live chat room. but I'm not sure if I want to do this.…
I post a chart later on my last trade.
Hi HookHook Shot said:So Lappy you're not just an oil wizard....
A little surprise with small points considering the big swings today......... not knocking ....... honest
Any comments ?
Well Done by the way.......
klw said:Hi laptop -- can't seem to find any reference to the pcml indicator on your ym chart you posted.Can you tell me what it measures ?
Keep up the good work.
laptop1 said:Hi Hook
I do trade Oil...You on about the Live call I made buying Crude Oil at $51.00.
As for today I made good money DAY TRADING. I did give a one Live call what I call a semi postion trade, but it didn't work out, I was a little early on the long trade today, buying at 12111 it went down some more, so I doubled up to avr the position and then got out at B/E....However I had a good day, Its not worth saying how much I won or how many points I made, because I didn't post live...From experience I here traders saying I made 100 points today, then made another 70 points on the way down, but they always say after the event. This is not my style, if I'm going to give a trade out, its will be a live call....So to answer you question I had a good
trendie said:laptop1,
I cant get YMM7 or $5MUL to show up on prophet.net!
what am I doing wrong? whats teh code for the MiniDow you're trading?
thanks
laptop1 said:We had the pull back to 12265 and filled
Short 12265
Stop 55
Target 70
http://quote.prophet.net//applets/j...et.net&symbol=YMM7&duration=30d&frequency=30m
Try YMM07trendie said:laptop1,
I cant get YMM7 or $5MUL to show up on prophet.net!
what am I doing wrong? whats teh code for the MiniDow you're trading?
thanks
laptop1 said:What package are you subscribed to with Prophet?
I use IQ Trader Platform for charts to zoom, when taking the sgnals, but for TA back veiw I like Prophet..you dont need fancy charts to make money, I have everything I want with them..on the Dow you can go back to 1901, if you wish..I recommend themtrendie said:bog standard minimal - basic!
do I need to upgrade then?
aaahhh, I see it. Gold = RT futures.
do you recommend them (prophet.net)? are your brokers charting not sufficient?
EDIT: thansk roguetrader, but didnt work. I think I need the subscribed package for teh futures.
laptop,laptop1 said:Could add to the short here at around 12240...........This is what I do on pull backs.that is if you get a chance take it.
klw said:Hi laptop --- interested in your target price here of 12195 and the reason why you chose that price.
The dow will very often just drop below the hundred mark to take stops out and possibly reverse as you will already know but has been known to reverse just above the hundred level and catch traders unaware as you will also know. With that in mind would a target of between 12200 and 12205 been a better bet ?
"
rainman2 said:laptop,
can we assume that you added to your short position, and if so, does that change your stop levels and profit targets?
good luck
Still in the trade from short at 12265..........Shall we get out at the close?? I decide in 15 minschindl said:Laptop - will your target remain in place for the last 20 of the session and will you carry if not hit?
Chris